LSE and Deutsche Boerse merger still on after Brexit vote

Fri, 24 Jun 2016 | MERGER

Despite the shocking news that Britain has voted to leave the European Union, the London Stock Exchange (LSE) Group and Deutsche Boerse have vowed to push through their proposed $30 billion merger.

The companies behind both stock exchanges said that the outcome of the EU referendum did not fundamentally change the rationale behind the merger plans. Both the LSE and Germany-based Deutsche Boerse have said they will now continue to push their case through the regulatory approval process.

In a joint statement made on Friday 24 June, when the final EU referendum result was known, the companies said: "The combined group's capabilities, including global reach, distribution network across Europe, Asia and America, brand strength, financial resources and deep customer relationships, remain well positioned to serve global customers irrespective of the result of the referendum.”

In addition, both stock exchange groups have urged shareholders to back the merger deal.

Joachim Faber, the chairman of Deutsche Boerse, added in a statement reported by Reuters: "We are convinced that the importance of the proposed combination of Deutsche Boerse and [the London Stock Exchange Group] LSEG has increased even further for our customers and will provide benefits for them as well as our shareholders and other stakeholders.”

LSE shareholder will have until 4 July 2016 to make their final decision about whether to back the proposed merger at a general meeting. Corresponding Deutsche Boerse shareholders will have until 12 July 2016 to make their own decision on the deal.


Share this article



Latest Businesses for Sale

Recruitment Agency (Fast Sale)
North West, UK

Indicative offers are required by 12:00hours on Monday 20 January 2020 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a recruitment...

Asking Price: Offers Invited
Turnover: £2,400,000

LEASEHOLD


Commercial Contractor (Fast Sale)
Midlands, UK Wide

Offers and proof of funding sought by 17:00hours on Friday 24 January 2020. The Joint Administrators are seeking parties interested in the business and assets of a commercial contractor business based in the Midlands.

Asking Price: Offers Invited
Turnover: £3,400,000

Hospitality Industry Recruitment Specialist
UK Wide

Provides highly skilled and professional hospitality staff across a variety of sectors. Recognised as both a preferred and top tier supplier for several of its prestigious clients. Supplying both temporary and permanent Nationwide staffing solutions....

Asking Price: Offers Invited
Turnover: £3,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Jan
 

Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...

 
16
 
Jan
 

Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

 
15
 
Jan
 

SSE sells retail business to OVO Energy | DIVISION SALE

Power utility SSE has announced it has completed the sale of...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
06
 
Aug
 

Titanic shipbuilder capsizes while vultures circle | ADMINISTRATION

Insolvency specialists at BDO have been appointed administra...

 
09
 
Aug
 

Mutares to acquire Knorr-Bremse subsidiaries | BUSINESS SALE

Knorr-Bremse is set to sell its UK subsidiaries to Mutares, ...

 
18
 
Jun
 

Norwich restaurant put up for sale | BUSINESS SALE

The Library Restaurant, based at Guildhall Hill, Norwich, ha...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources